That is 2 phase or split phase for a 1ph motor, the common way to generate 3 phase from 1ph is a RPC, (Rotary Phase Convertor) using a 3ph motor and series of caps to produce/generate the 3rd phase, the other two being the 240v 1ph conductors.
There is also the commercial Phase Perfect which does a similar thing, but electronically create the 3rd phase.
M.